XHG (XChange Tec) Total Assets : $110.63 Mil (As of Sep. 2024)

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What is XChange Tec Total Assets?

XChange Tec's Total Assets for the quarter that ended in Sep. 2024 was $110.63 Mil.

During the past 12 months, XChange Tec's average Total Assets Growth Rate was 833.50% per year. During the past 3 years, the average Total Assets Growth Rate was 25.00% per year. During the past 5 years, the average Total Assets Growth Rate was -29.40% per year.

During the past 8 years, XChange Tec's highest 3-Year average Total Assets Growth Rate was 25.00%. The lowest was -61.10%. And the median was -38.80%.

Total Assets is connected with ROA %. XChange Tec's annualized ROA % for the quarter that ended in Sep. 2024 was -116.91%. Total Assets is also linked to Revenue through Asset Turnover. XChange Tec's Asset Turnover for the quarter that ended in Sep. 2024 was 0.20.

XChange Tec Total Assets Historical Data

The historical data trend for XChange Tec's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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XChange Tec Total Assets Chart

XChange Tec Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Total Assets

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124.91

58.49

13.61

11.74

110.63

XChange Tec Semi-Annual Data
	Sep17	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Total Assets	Get a 7-Day Free Trial									13.61	74.79	11.74	186.38	110.63

XChange Tec Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

XChange Tec's Total Assets for the fiscal year that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (A: Sep. 2024 )	+	Total Liabilities (A: Sep. 2024 )
	=	-78.656	+	189.289
	=	110.63

XChange Tec's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	-78.656	+	189.289
	=	110.63

XChange Tec (NAS:XHG) Total Assets Explanation

Total Assets is connected with ROA %.

XChange Tec's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	-173.614	/	( (186.381	+	110.633)	/ 2 )
	=	-173.614	/	148.507
	=	-116.91 %

Note: The Net Income data used here is two times the semi-annual (Sep. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

XChange Tec's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	29.907	/	( (186.381	+	110.633)	/ 2 )
=	29.907	/	148.507
=	0.20

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

XChange Tec Total Assets Related Terms

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XChange Tec Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » XChange Tec Inc (NAS:XHG) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1136 Xinzha Road, No.801, Building 1, JingAn District, Shanghai, CHN, 200041

Website

https://ir.xhghk.com

XChange Tec Inc, through its subsidiaries operates in insurance agency and insurance technology business. The company specialized in distributing automobile insurance policies at the earlier stage of business and subsequently expanded insurance product portfolio to include other types of insurance including life, health, group accident and other property related insurances. A maximum of the insurance purchased through platform and agency services is of automobile insurance.